Boston Properties, Inc. (NYSE:BXP) Shares Bought by HighTower Advisors LLC

Boston Properties, Inc. is a real estate investment trust (REIT) that owns and operates commercial properties in the United States. The company was founded in 1978 and has since grown to become one of the largest REITs in the world, with a market capitalization of approximately $20 billion as of August 2021.

On July 26, 2021, HighTower Advisors LLC announced that it had purchased approximately 5.3 million shares of Boston Properties, Inc.'s common stock for an aggregate purchase price of $479.8 million. This represents a significant investment in the company and reflects HighTower's confidence in the future growth prospects of Boston Properties.

HighTower Advisors LLC is a private equity firm that specializes in real estate investments. The company was founded in 2013 and has since grown to become one of the largest real estate investment firms in the world, with over $5 billion of assets under management as of August 2021.

Boston Properties, Inc.'s shares are listed on the New York Stock Exchange under the symbol "BXP." As of August 2021, the company's stock price was approximately $437 per share, giving it a market capitalization of approximately $20 billion. The company's portfolio includes over 50 million square feet of office space in more than 300 properties across the United States.

The acquisition of Boston Properties, Inc.'s shares by HighTower Advisors LLC is significant for both companies. For Boston Properties, it represents a vote of confidence from one of the largest real estate investment firms in the world, and could help to drive growth and expansion in the company's business. For HighTower Advisors LLC, it represents an opportunity to gain exposure to one of the largest and most successful REITs in the world, and could help to diversify its portfolio of investments.